• Corporate  |  AUGUST 27, 2014 4:46 PM

    Daya Materials earnings held back by high opex

    Story by
    [email protected]

    Reported a fall in pre-tax profit of 12% y-o-y to RM8.8 million despite strong revenue growth of 33% y-o-y to RM174.1 million

  • Opinion  |  AUGUST 27, 2014 4:41 PM

    Good and bad inequality

    Story by

    Rising income and wealth inequality in many countries around the world has been a long-term trend for three decades or more. But the attention devoted to it has increased substantially since the 2008 financial crisis: With slow growth, rising inequality bites harder. …

  • Commodities  |  AUGUST 27, 2014 4:30 PM

    KLTM closes flat at US$22,150 a tonne

    Story by

    The Kuala Lumpur Tin Market (KLTM) closed flat at US$22,150 a tonne today on a lack of buying interest, dealers said.

  • Corporate  |  AUGUST 27, 2014 4:25 PM

    Cahya Mata 1H earnings up 33% on property recovery

    Story by

    Higher earnings from its property development division boosted half-year earnings for the Sarawak-based conglomerate as other divisions also saw earnings rise

  • Corporate & Featured and Exclusive  |  AUGUST 27, 2014 4:17 PM

    Axiata’s 2Q profits dip 30% on forex loss, Celcom woes

    Story by
    [email protected]

    Malaysia’s largest mobile operator group saw net profits for the second quarter of financial year 2014 fall 30.5% on the back of forex losses and the performance of home market operator Celcom.

  • Corporate  |  AUGUST 27, 2014 4:11 PM

    HSL posts 1H14 pre-tax profit of RM47.4 mil

    Story by

    Sarawak-based infrastructure company, Hock Seng Lee Bhd (HSL), recorded a pre-tax profit of RM47.4 million on the back of RM256.2 million revenue for the first half ended June 30, 2014.

  • Corporate  |  AUGUST 27, 2014 4:10 PM

    M’sian investors rely on unsound practices – survey

    Story by
    [email protected]

    Malaysian investors rank among the most vulnerable in Asia because they often lack investment experience and depend on flawed advice, the latest Manulife Investor Sentiment survey revealed

  • Corporate  |  AUGUST 27, 2014 3:58 PM

    Brahim’s share price tumbles on poor 2Q results

    Story by

    Brahim's Holdings Bhd's share price fell 13 sen to RM1.35 with 13.88 million shares changed hands at the close of the morning session with 13.88 million shares changed hands after posting a disappointing second quarter financial results.

  • Markets  |  AUGUST 27, 2014 3:43 PM

    KL shares firm at mid-afternoon

    Story by

    Share prices on Bursa Malaysia were firm at mid-afternoon today lifted by gains in selected blue-chips, dealers said.

  • Featured and Exclusive & World Biz  |  AUGUST 27, 2014 3:30 PM

    India seeks Pepsi’s help on school meals programme

    Story by

    India’s government is seeking help from an unlikely partner to improve the diets of millions of its hungriest children: PepsiCo Inc, the world’s largest snack maker.

  • World Biz  |  AUGUST 27, 2014 3:11 PM

    RBS fined by UK regulator over bad mortgage advice

    Story by

    Royal Bank of Scotland Group Plc was fined 14.47 million pounds (RM75.73 million) by the British markets regulator for giving clients poor advice on mortgages. The Financial Conduct Authority faulted RBS for what it called “serious failings in their advised …

  • Corporate  |  AUGUST 27, 2014 2:49 PM

    RHB Capital’s pre-tax profit rises to RM739.1 mil

    Story by

    RHB Capital Bhd's pre-tax profit for the second quarter (2Q) ended June 30, 2014 rose to RM739.1 million from RM553.6 million in the same period last year.

  • Corporate & World Biz  |  AUGUST 27, 2014 2:43 PM

    AirAsia India signs up sponsorship with cricket team

    Story by

    AirAsia India has signed up with the cricket team, Kings XI Punjab as the official back of the shirt sponsor for the Champions League T20 2014, commencing on Sept 13, 2014. AirAsia Group is an enthusiastic supporter of sports and …

  • Property  |  AUGUST 27, 2014 2:38 PM

    Demand for high-end condos expected to weaken

    Story by

    Local demand for high-end condominiums is expected to weaken within the next 12 months, primarily in the Kuala Lumpur City Centre (KLCC) area, with more developers anticipated to tap foreign markets.

  • World Biz  |  AUGUST 27, 2014 2:37 PM

    Buffett’s Burger King backing flips Obama’s efforts

    Story by

    Billionaire Warren Buffett was an ally of President Barack Obama during the 2008 presidential campaign and the force behind Obama’s “Buffett Rule,” designed to increase tax bills for the wealthiest Americans. Now, the second-richest man in the US has dented …

  • Corporate & Featured and Exclusive  |  AUGUST 27, 2014 2:36 PM

    Court of Appeal dismisses Halim’s appeal

    Story by
    [email protected]

    Businessman Halim Saad’s appeal to reinstate his RM2-billion legal suit against the government has been dismissed by the Court of Appeal today, which ruled his claims “unsustainable”.

  • Corporate  |  AUGUST 27, 2014 2:33 PM

    Hua Yang to sustain sales momentum with new projects

    Story by

    Hua Yang Bhd is confident of sustaining its sales momentum for the financial year ended March 31, 2015, via the launch of new projects with a gross development value of RM1.1 billion, said Chief Executive Officer, Ho Wen Yen. He …

  • Corporate  |  AUGUST 27, 2014 2:10 PM

    Bumi Armada to raise RM1.99 mil with rights shares

    Story by

    Bumi Armada Bhd will raise RM1.997 billion (US$633.87 million) by selling rights shares, according to  an announcement to the stock exchange on Wednesday. The company has priced the rights at RM1.35 per rights share, which will entitle investors to a bonus share …

  • Finance  |  AUGUST 27, 2014 2:10 PM

    Islamic finance players should strengthen ties

    Story by

    Collaboration between Islamic finance market players must be strengthened further in the effort to ensure continuous growth of the industry, especially in the international arena, said Kamarul Ariffin Mohd Jamil, chief executive officer of Affin Islamic Bank Bhd.

  • World Biz  |  AUGUST 27, 2014 1:54 PM

    Mobile devices can now be used on Qantas, Virgin flights

    Story by

    Passengers on Qantas and Virgin will now be able to use their mobile phones on international or domestic flights following an application by the two airlines. ABC News reported that Qantas and Virgin applied for approval from the Civil Aviation …